Otterburn Hall Hotel, Otterburn Auction Guide Price £235,000+

Otterburn Hall Hotel, Otterburn

Property for sale. Former hotel & country house in rural Northumberland. Site area 16.18 acres (6.54 hectares). Planning in place.
A fantastic opportunity to purchase this site, with conditional planning for 26 bed hotel, wedding venue, restaurant, bar & spa. Private fishing lake. Substantial renovations already carried out. Stunning 19th century property set within mature woodland. 999 year lease in place (until 3014), with ground rent of £8,000 per annum.
Auction Guide Price £235,000+
Ref H041

For Sale by Auction. Terms and Conditions apply, see www.agentspropertyauction.com.
Auction at Grand Hotel (formerly The Marriott). Wednesday 26th February 2020. Registration from 6.30pm

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £750+VAT (total £900) Auction Administration Fee.
Joint Agents: The Agents Property Auction Ltd.